USDCHF is trading in a tight range today (only 33 pips). However, buyers remain in control after rejecting support on Monday and gains over the past few days.

The price has returned to the swing area on the daily chart between 0.9112 and 0.9156. That area will need to be broken in the future to increase the bullish bias. A break above would target the 50% range from the 2022 high at 0.92395. That level also corresponds to the momentum highs of 2023 and 2024. The key target is now at the top.

On the other hand, the 100-hour MA and 200-hour MA at 0.9084 and 0.90695 would need to be broken – and remain broken – to give sellers some control – at least in the short term. If there isn’t, customers are still firmly in control. Today’s low price reached 0.9098.